Prospect Financial Services LLC Makes New Investment in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Prospect Financial Services LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,795 shares of the company’s stock, valued at approximately $248,000.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth $27,000. Glassman Wealth Services bought a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth about $29,000. Signaturefd LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the second quarter worth about $36,000. Hershey Financial Advisers LLC bought a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at about $36,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Capital Group Dividend Value ETF in the 1st quarter valued at approximately $42,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $36.85 on Wednesday. Capital Group Dividend Value ETF has a 52-week low of $25.47 and a 52-week high of $37.17. The business has a 50 day simple moving average of $35.56 and a 200 day simple moving average of $33.89. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

Capital Group Dividend Value ETF Company Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks.